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UnknownUnicorn15400135
Jan 9, 2022 5:00 PM

USDJPY Unfair Price Short

USD/JPYOANDA

Description

Fundamentals: Japan Surging Inflation, Fed hikes already priced in to a maximum
Technicals: b-shaped volume profile, suggesting we are in unfair price territory and Longs are leaving the market
1st Target at POC, 2nd Target Lower Edge of fair value.

Comment

Risk: Recent Resistance becomes support -> in that case buy stop hunts (liquidity below the resistance)

Comment

Long Term Target could be 100, below the covid low
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